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Ripple to Acquire Standard Custody to Strengthen Regulatory Licenses Portfolio
13.2.2024
Ripple has announced a deal to acquire the New York-based digital asset platform Standard Custody and Trust Company, pending regulatory approval. Once the acquisition is finalized, Ripple will become the sole shareholder of Standard Custody, leveraging its limited-purpose trust charter and money...
Deutsche Börse’s Subsidiary Crypto Finance Gets BaFin License
13.2.2024
BaFin, Germany’s financial regulator, has issued four licenses to Crypto Finance, a firm operated by leading stock exchange Deutsche Börse. The key licenses will allow Crypto Finance to carry out regulated digital asset trading, settlement, and custody services in Germany. The Swiss Financial...
Hong Kong Seeks Input on OTC Crypto Trading Rules
8.2.2024
Hong Kong on Thursday announced a consultation on regulating over-the-counter (OTC) crypto trading. The Financial Services and the Treasury Bureau consultation seeks to establish a conceptual framework for licensing virtual asset OTC services. Under the regime, operators would be mandated to obtain...
Hong Kong Authorities Urge Crypto Investors to Verify Licenses
5.2.2024
Hong Kong’s securities regulator warned crypto investors on Monday to only use licensed trading platforms and to verify the status of the exchanges they have signed up to. The announcement comes as the deadline approaches for Hong Kong-based virtual asset trading platforms to submit license...
Spec Ops: The Line Removed From Steam Due To Expiring Licenses
30.1.2024
Earlier today, players noticed that Spec Ops: The Line was no longer available to purchase on Steam, leading many to fear that the acclaimed third-person shooter had been quietly delisted without warning. Sadly, 2K has since confirmed that is the case, and the publisher has also explained why...
South Africa Gears up to Issue First Batch of FSP Licenses to Crypto Providers
26.1.2024
South Africa is reportedly preparing to issue the first batch of financial services provider (FSP) licences to crypto service providers. Gerhard van Deventer, head of enforcement at South Africa’s Financial Sector Conduct Authority (FSCA), confirmed the move speaking at a podcast on Moneyweb...
SpinSpace Casino: Unique Online Crypto Casino (Play Now)
25.1.2024
A unique online casino that offers high quality games with gambling licenses. SpinSpace is a newly designed cryptocurrency online casino licensed under the laws of Curacao. Here, players can enjoy great games supplied by 60+ developers, regular bonuses, enjoy expert … Continued
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Nigerian Crypto Startup Reveals Closure of $2.3 Million Strategic Funding Round
17.1.2024
The Nigerian crypto startup revealed on Jan. 16 that the firm had closed a $2.3 million strategic fund to finance the acquisition of operating licenses from different African regulators. Canza Finance said it hopes the new licenses and the defi platform will help it achieve its goal of lowering...
Crypto Custodian BitGo Wins In-Principle Approval as Major Payments Institution in Singapore
10.1.2024
Crypto custodian BitGo has been granted in-principle approval to operate as a Major Payment Institution (MPI) in Singapore
New York DFS “Needs to Do More” on BitLicense program: State Comptroller
9.1.2024
Source: Pixabay Thomas DiNapoli, New York State Comptroller, highlighted that there is a potential deficiency in the state’s financial regulator’s supervision of virtual currency licenses. The Office released a report stressing that the Department of Financial Services (DFS) “needs to...
Nebraska Legislators Introduce Bill to Aid Bitcoin Mining in Residential Properties
8.1.2024
Source: AdobeStock Nebraska has introduced a bill that seeks to reshape the state’s crypto and Bitcoin mining structures, licenses, and ownership. On Jan 5, Eliot Bostar, a Nebraska State Senator, introduced the bill to the house, which will practically adopt the Blockchain Basics Act in...
Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers
27.12.2023
The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance on compliance
New York Offers New Virtual Currency Guidance
22.12.2023
On Nov. 15, 2023, the New York Department of Financial Services (NYDFS) issued new standards for virtual currency (coin) listings and delistings. These new regulations apply to Bitlicensees and limited-purpose trust companies and include business model considerations for virtual currency entities...
Nigerian Fintech Flutterwave Secures Money Transfer Licenses in 13 US States
12.12.2023
The Nigerian fintech unicorn revealed on Dec.7 that it has obtained money transfer licenses in 13 U.S. states. Flutterwave’s partnership with a licensed financial institution also means that it can now serve customers in 29 states in the U.S. Flutterwave CEO suggested that the fintech hopes...
Crypto Exchange Binance Drops Abu Dhabi License Application as Global Needs Shift
9.12.2023
Crypto exchange Binance has withdrawn its application for a license in Abu Dhabi. “When assessing our global licensing needs, we decided this application was not necessary,” a Binance spokesperson stated, adding that the company plans to continue to work with regulators “to...
Elon Musk’s X Secures 12 Money Transmitter Licenses — X.AI to Raise $1 Billion in Equity Offering
6.12.2023
Elon Musk’s social media company, X, has obtained 12 money transmitter licenses across the United States. Furthermore, his artificial intelligence (AI) company, X.AI, stated in a filing with the U.S. Securities and Exchange Commission (SEC) its intention to raise $1 billion in an equity...
South Africa’s Financial Regulator to Assess 36 Crypto Firms Seeking Licenses in December
4.12.2023
Source: Pexels South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA) is set to review the applications to 36 cryptocurrency companies seeking operational licenses in the country this month. According to a report published by local media sources, the regulator will...
Digital Asset Investment Platform Fasset Wins Operational Licence in Dubai
30.11.2023
Fasset, a digital asset investment platform, has won the licence to operate in Dubai as a Virtual Asset Service Provider (VASP), allowing it to serve institutional investors, qualified investors and retail investors
eToro, M2 win AGDM crypto licenses to operate in UAE financial center
28.11.2023
While eToro received Financial Services Permission (FSP) approval for operating as a securities, derivatives, and crypto assets broker, M2 became a fully regulated Multilateral Trading Facility (MTF) and custodian
Binance and Gulf Energy’s Joint Venture to Launch Crypto Exchange in Thailand
16.11.2023
Source: Pexels In a strategic collaboration, Binance Holdings Ltd. and Gulf Energy Development Pcl are set to launch a cryptocurrency exchange in Thailand early next year. This follows the acquisition of licenses from the Thai Securities and Exchange Commission, with Gulf Binance Co. obtaining...